WAKEFIELD, Mass., Nov. 3, 2008 (GLOBE NEWSWIRE) -- A technology management consulting firm specializing in providing premium IT services, Edgewater Technology, Inc. (NasdaqGM:EDGW - News) (http://www.edgewater.com, ``Edgewater Technology'' or the ``Company''), announced today it has been recognized within Software Magazine's 26th Annual Software 500 ranking of the world's largest software and services providers.

``We are honored to be recognized on the Software 500 for the ninth year,'' said Shirley Singleton, President and CEO of Edgewater Technology. ``In 2007, we set a goal to double the revenue run rate for our Enterprise Performance Management (''EPM``) offering. With strong organic growth, as well as through targeted EPM-related acquisitions, we accomplished this goal, which clearly contributed to our year-over-year double-digit service revenue.''

Edgewater's ranking (#236) is based on the Company's total 2007 service revenue of $68.5 million, which increased 14% year over year. This marks Edgewater's ninth year for being recognized among such a distinguished group of software and service providers.

``The Software 500 assists CIOs, senior IT managers and IT staff research and create the short list of business partners, such as Edgewater Technology,'' said John P. Desmond, editor of Software Magazine and Softwaremag.com.

The Software 500 is a ranking that is based on total worldwide software and services revenue from the world's largest software and services suppliers targeting medium to large enterprises. The complete Software 500 can be viewed electronically at http://www.Softwaremag.com.

About Edgewater Technology, Inc.

Edgewater Technology, Inc. is an innovative technology management consulting firm. We provide a unique blend of premium IT services by leveraging our proven industry expertise in strategy, technology and enterprise performance management. Headquartered in Wakefield, MA, we go to market by vertical industry and provide our clients with a wide range of business and technology offerings. To learn more, visit http://www.edgewater.com or call 800-410-4014.

The Edgewater Technology logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3783

About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com

Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world's largest software and services companies, now in its 26th year. Software Magazine and Softwaremag.com are owned and operated by King Content Co.

          Edgewater Technology, Inc
          Barbara Warren-Sica
          (781) 246-3343
          bwarren@edgewater.com